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Strategies & Market Trends : Tech Stock Options
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To: HighTech who wrote (53584)9/23/1998 8:34:00 AM
From: donald sew  Read Replies (2) of 58727
 
HiTECH,

>>>>>>> My spreadsheet shows that the NYSE 5-day TRIN ....... a buy signal at about 6.3 <<<<<<<<<<<<<<

Im just starting to watch the buy and sell signals from the TRIN to get an idea of its accuracy and extent of the buy and sell signal

If I recall correctly the TRIN gave a sell signal when the 5-day TRIN got below 4 last week, and the market sold off strong only one day. I think that was last THUR. Correct me if Im wrong.

I do think that today will be up, but the key for today is where it closes. If it is substantially off its highs, it will just be a hint that the topping out process may be starting, and such could take a few days. The futures are up strong still ath 11.00 now.

Seeya


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